ORCA (ORCA)

Overview

ORCA will be the first platform of its kind to globally integrate both banking and cryptocurrency accounts, as well as spearhead the growth of the crypto economy.

Project stage

Prototype

Detailed description

The ORCA Platform is the principal tool that the ORCA Alliance utilizes in pursuing its mission. The platform provides the technology needed for capturing the synergy that arises from cryptocurrency service aggregation, community engagement and mainstream adoption. The ORCA Platform includes the following solutions:

An Open Banking PlatformA solution to financial data from diverse sources including banks, crypto wallets and financial exchanges. This entails the merging of crypto wallet accounts with regular banking accounts, and provides ancillary infrastructure for monitoring, measuring and suggesting to each user the best course of action.

An Account Overview InterfaceAn easy-to-understand visual depiction of the user’s financial situation. Information such as asset allocation, portfolio performance, portfolio volatility, investment strategy and so on is available at a glance. This will give the user an instant snapshot of their position, and will facilitate and simplify the decision - making process.

ORCA App CenterThe "Google Play" of the crypto world, where apps are developed, showcased, tested and monetized. Developers, testers and reviewers will be rewarded.

QuestA community of crypto developers and consumers focused on developing new apps, fostering blockchain innovation, solving problems, co-funding opportunities and contributing to the ORCA community.

ORCA TokensThe fuel of the ORCA Platform: used to reward community users, finance startups, purchase services and serve as a payment medium.

Problem

Obstacles to the use of cryptocurrenciesDespite the proliferation of cryptocurrency portfolios and trading accounts, the use of cryptocurrencies for the purchase of goods and transfers of funds remains extremely limited. This is often due to a lack of payment options and high transaction fees.

An uncertain regulatory environmentWhile many developed countries (including Australia, Japan and the UK) have fully embraced and are regulating the use of cryptocurrencies, in most countries cryptocurrencies exist in a legal vacuum. This is slowing down use and adoption since the legal implications of owning and using cryptocurrencies remain largely unclear to consumers. There is also a need for community engagement to properly explain to the public differences in national policies and the ongoing introduction of new regulations. That would permit rapid and sustainable growth of the cryptocurrency economy.

Lack of knowledgeMost people in most countries have a very limited understanding of the technical capabilities of cryptocurrencies. Even if their use for trading is widespread, the majority of users have little knowledge of the potential benefits of blockchain technology or the advantages that cryptocurrencies offer for the global economy.

Consumer safety issuesA number of events in 'crypto space' in recent years have left consumers wary of the potential dangers of owning cryptocurrency. Most notable are the DAO hack and the collapse of the Mt. Gox exchange. Such events have sparked uncertainty about whether cryptocurrency portfolios are safe from cybersecurity threats, online scams and other fraudulent activities. Without a doubt, the creation within the EU of a legislative framework that oversees, protects and regulates the use of cryptocurrency is of paramount importance for supporting both its growth and adoption.

Solution

The resolution of these issues would accelerate the adoption of cryptocurrencies as a form of payment , thereby laying the foundations for the future crypto economy. ORCA’s goal is to create an Open Banking platform that will not only ensure that this transition happens sustainably, but which will also allow its users to benefit from increasing integration of crypto financial services with the existing financial system. The ORCA Platform provides an accessible and user-friendly interface for consumers to fully benefit from innovation in financial and cryptocurrency services. For the sake of achieving mass adoption, the Alliance has intentionally been established in the European Union and operates within its borders (Estonia and Lithuania, for example). The platform is thus subject to all the applicable national and EU laws and regulations.

Features

The ORCA Dashboard's advanced algorithms provide users with the parameters they need to manage a wide range of financial services. These include:

Cash Account Info Aggregation: An aggregated, instant snapshot of the financial status of the user’s accounts.

Additional links

Token details

Token symbol
? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. :ORCA

Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 14,000,000 USD

Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC777)

Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA

Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token

Total supply ? Total supply — a total amount of tokens that will be released by the developers. :460,000,000 ORCA

Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No

Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :277,000,000 ORCA

Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open

Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No

Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA

Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, ETH,

Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :Canada, China, USA,

Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes

Activity

Social

We search, collect and organize information about different crypto
assets projects to make it easier for you to use it. The website does
not provide financial advice. Cryptoassetsrank is not responsible for
any trading decisions.